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Shipping line suspended in wake of ship sinking
newsinfo.inquirer.net
[Inquirer.net] - By Jhunnex Napallacan CEBU CITY, Philippines—The Maritime Industry Authority (Marina) has suspended the operation of Trans-Asia Shipping Lines Inc. (Tasli) following the sinking of one of its vessels, the MV Asia Malaysia, off Calabaza Island in Ajuy
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[Timber Trades Journal] - “The recently announced agreements to sell our hardwoods and Westwood Shipping Lines operations demonstrate the focus we are placing on our strategic direction,” said president and CEO Dan Fulton.
Google News: GE to sell container leasing arm for $2.5bn
[Financial Times] - The sector has boomed in the past 18 months as demand has rebounded while producers of containers have kept a tight control over new supply, and cash-constrained shipping lines have chosen to rent rather than buy. HNA and Bravia have partnered before
Google News: Fed Watch: On Pins and Needles
[Wall Street Pit] - Bloomberg sees trouble signs in container shipping rates: Plunging rates for chartering container vessels that carry sneakers, furniture and flat-screen TVs may signal a US consumer slowdown and losses for shipping lines in what is traditionally their
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